Emergent Health Corp (EMGE)

[papadedavid]

Still confused pb...so the current shareholders will only own approximately 7% of the company??

"Remaining Common Stock: The agreement results in EMGE Preferred Shareholders gaining a substantial ownership stake in the Company through the conversion of preferred stock into common stock. The agreement also states that the current shareholders of the Company will own approximately 7% of the fully diluted capitalization of the Company after the exchange. This implies that there will still be common stockholders remaining in the Company, with a smaller ownership percentage compared to the EMGE Preferred Shareholders. This is easy to understand because the rate exchange for the class A preferred is 1 to 100. Those common stockholders still exist but will likely hold a smaller portion of the company compared to the EMGE Preferred Shareholders."